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The Clubhouse Group, a WOHG company, is a best-in-class and first-of-its-kind company with subsidiaries that include an international chain of content creator collaborative studio spaces, Doyen - a talent management company, and WOH Brands, a brand incubator and pre-seed fund. Clubhouse Media Group, Inc. (CMGR) offers management, production, and deal-making services to handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions in the social media influencer space.
Clubhouse Media Group (CMGR) reported strong Q3 2022 financial results with a 22% increase in total net revenue to $2,159,135, up from $1,768,677 in Q3 2021. The company achieved a net income of $835,419, compared to a net loss of $5,401,961. Operating expenses decreased by 68% to $1,058,708, and the gross profit margin rose to 37.2%. Management credited the positive results to strategic shifts in their business model and enhancements in their sales team.
Clubhouse Media Group (CMGR) has secured brand promotional agreements with fitness influencer Sommer Ray and actress Brooke Schofield through its entity, The Reiman Agency. Ray, known for her bodybuilding achievements, boasts over 26 million Instagram followers, while Schofield is an emerging content creator. The collaborations aim to leverage their extensive, engaged fan bases for brand promotion. Alden Reiman, President of The Reiman Agency, expressed enthusiasm for the continuing partnership, highlighting the alignment of their audiences with consumer demographics.
Clubhouse Media Group (CMGR) announced strong growth for its platform HoneyDrip.com in October 2022. The platform, which empowers creators to engage with fans and monetize content, saw a 10% increase in active performers, a 14% rise in content posts, a 9% uptick in active users, and a 4% growth in applications from new creators. General Manager Danche Prokopov expressed satisfaction with these results, indicating a narrowing competitive gap. This growth highlights HoneyDrip's potential as a key player in the influencer economy.
Clubhouse Media Group (CMGR) announced a promotional partnership with influencer Autumn Miller, who has a substantial online following with over 1.3 million Instagram followers and 350,000 YouTube subscribers. Miller gained fame for her unique dance style and featured in the Imagine Dragons music video 'Bad Liar'. Julia Salmon from The Reiman Agency expressed enthusiasm for future collaborations. CMGR specializes in influencer management and deal-making in the social media space.
Clubhouse Media Group (OTCMKTS: CMGR) announced the hiring of former Veritone One employees Tyler Wentz and Alex DeVito to The Reiman Agency, enhancing its influencer and digital marketing capabilities. Wentz brings extensive media experience, focusing on brand campaigns, while DeVito has expertise in sports entertainment and digital media. Their addition aims to drive revenue growth and explore new revenue streams. CMGR operates within the influencer media space, managing content houses that collectively reach over 400 million followers, thereby aiming for increased market presence.
Clubhouse Media Group (OTCMKTS: CMGR) announced a new "home feed" feature for HoneyDrip.com, a digital platform aimed at empowering creators. This enhancement allows users to customize their main interface and access content from favorite creators more easily. Danche Prokopov, General Manager, emphasized that these updates will improve user experience and are expected to positively impact the platform long-term as the user base expands. HoneyDrip.com, owned by CMGR, helps creators connect with fans and monetize content effectively.
Clubhouse Media Group, Inc. (CMGR) reported continued month-over-month growth for HoneyDrip.com, a digital platform for content creators. In September 2022, key metrics showed an 11% increase in active performers, a 16% rise in content posts, an 8% boost in active users, and a 4% uptick in creator applications. Danche Prokopov, General Manager of HoneyDrip, expressed confidence in the platform's growth and improvement compared to competitors like OnlyFans. CMGR focuses on managing influencers and fostering joint ventures in the social media space.
Clubhouse Media Group (OTCMKTS: CMGR) announced a promotional partnership with Klay Thompson, a four-time NBA champion and five-time All-Star. This agreement is expected to enhance CMGR's digital advertising reach, leveraging Thompson's substantial social media presence, which includes 13.4 million Instagram followers. CEO Amir Ben-Yohanan highlighted the agency's growth and ability to make a significant impact in the advertising space, while Alden Reiman praised the collaboration with Thompson’s team.
Clubhouse Media Group (OTCMKTS: CMGR) announced a brand promotional deal with fitness model Sommer Ray, who has over 26M Instagram followers and 12M TikTok followers. Ray also runs a clothing line specializing in women's activewear. CEO Amir Ben-Yohanan praised the sales team's performance in securing this deal, highlighting its significance for the company's business model. This partnership is expected to enhance CMGR's brand exposure and performance in the influencer marketing space.
On September 13, 2022, Clubhouse Media Group (OTCMKTS: CMGR) announced the addition of Dallas Chandler, a model and actress, to its HoneyDrip.com platform. HoneyDrip.com is designed for content creators to engage fans through exclusive photo and video content. General Manager Danche Prokopov expressed confidence in Chandler's creativity and the platform's growth, which has been attracting more traffic each month. Chandler, excited to join, emphasized the platform's supportive environment for creative expression and connection with fans.
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